The gross lettable area of industrial locations operated by CTP has passed 6 million square meters. The growth has continued due to long term trends of increasing e-commerce and supply chain relocations, supported by the COVID-19 crisis.
“With the completion of our latest warehouse in CTPark Bucharest, CTP's portfolio now exceeds 6 million sqm. Romania is contributing significantly to the Group's growth, with a 25 % growth in our portfolio,” said Ana Dumitrache, the CTP Head of Romania. CTP wants to reach 10 million sqm of floorspace by 2023 and has plans for dramatically increasing expansion, both in its current markets and into new markets. Earlier this month, CTP issued a debut €650 million green bond, attracting a significant level of interest from investors. The bonds were several times oversubscribed, with investor demand peaking at more than €2 billion. CTP’s inaugural green bonds became the largest debut issuance of a real estate company in the CEE region.
Ana Dumitrache
Country Head Romania
CTP
CTP eyes new markets
“The finance generated by the bond issue is earmarked for CTP expansion in existing markets,” said CTP founder and owner Remon Vos. CTP is currently seeing demand fuelled by covid-induced changes to the way companies do business. Interest in new lettable space comes mostly from tenants in the e-commerce sector, in which warehouses of individual online shops are moving closer to customers. Vos sees great opportunities in Romania, where the company is now experiencing a period of rapid growth.
Remon Vos
CEO
CTP
Born in the Netherlands in 1970, Remon Vos founded CTP in 1998 with the goal to develop A-class industrial properties in the Czech Republic. Remon developed and grew the CTPark Network to become the largest integrated system of full-service business parks in CEE. At over 5 million sqm of lettable area, and sufficient land to grow to 8 million m2, the CTPark Network offers 5 unique property types that can accommodate wide variety businesses from 450 sqm incubators to 50,000 sqm built-to-suit manufacturing facilities or 100,000 sqm distribution centres. CTP is a long-term investor and partner to its clients, with an innovative and entrepreneurial approach. This focus has resulted in 70% of all new business coming from existing clients. CTP has also developed unique, high-quality office and housing projects, such as the award-winning Spielberk, and the unique student housing concept Domeq in Brno. Remon continues to lead the company at full-speed, with big plans for the future.
More »“This year, we closed 85 percent of new business with existing clients that have broadened their activities in their current markets or expanded into new markets in the CEE region. We expect similar organic growth to continue, but we will also consider completely new strategic acquisitions if an opportunity arises in line with our portfolio,” said Remon Vos about CTP’s future plans.
